Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency
News Release 2022-60 | May 24, 2022 Acting Comptroller Discusses
Vulnerabilities, Volatility with Cryptocurrency
Acting Comptroller of the Currency Michael J. Hsu today discussed
vulnerabilities in the cryptocurrency framework and recent volatility
with stablecoins in remarks at the DC Blockchain Summit 2022. In his
remarks, the Acting Comptroller discussed the fragemented ecosystem of
cryptocurrency, risk of contagion, and underdeveloped custody and
ownership rights. He also emphasized the Office of the Comptroller of
the Currencyâs careful and cautious approach to cryptocurrency to
ensure the safety and soundness of the federal banking system.
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